Downsizing from a House to a Condo: 5 Considerations

Family, Moving, Packing, Boxes

Downsizing from a House to a Condo: 5 Considerations

Downsizing may sound like a bad idea, but it may be the perfect fit if you are looking to retire soon, recent empty nesters, tired of the outdoor upkeep, or simply just to save money. Here are 5 things to consider when you are thinking about making the transition from a house to a condo.


One reason homeowners consider downsizing to a condo is the affordability it provides. Owning a condo can release a lot of financial burden simply because the cost to obtain one is significantly less than a single-family house. Condos generally have lower property costs and lower taxes.


A condo could allow you to have more freedom and time to do the things you want to do. Condos often cover any outdoor maintenance like shoveling and yardwork so it can allow you to have more time for other activities or hobbies.


One of the greatest benefits that some condos come with are the amenities they include. These amenities can be a pool, golf course, tennis court, or a gym. If you aren’t sure on whether the condo you are considering has one of the amenities you want, be sure to ask.


In some cases, people spend an hour or more in traffic after work, but most condos are often located in prime neighborhoods that allow you to be closer to work. Along with being closer to your job, numerous condo locations are near shopping centers, dining and entertainment. Being close will help keep you busy and lessen your fuel and car maintenance expenses.


Condos allow you to be part of a community by allowing you to connect with other neighbors in close proximity. In some cases, the condo association will set up events or activities for the community to gather and meet. If you aren’t fond of being close to your neighbors and you like more privacy, that is a consideration to take.

Overall downsizing can save you time and money by simplifying your overall situation in most cases. 

You will still need to protect your investment and a Rockford Mutual Independent Agent can help. Contact one for a Homeowners quote today!

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Shamara Glover
Marketing Assistant
Shamara joined Rockford Mutual in November of 2019 with a Bachelor's degree in Business Administration from Robert Morris University in Chicago.